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Case 2: Turtle Island Tours - Depreciation Calculation - Part Year (8 Marks)

Case 2: Turtle Island Tours - Depreciation Calculation Part Year (8 Marks)e Turtle Island Tours purchased a new boat on April 6th for $100,000. The equipment has a useful life of 7 years with a disposal value estimated at $30,000. Using straight line depreciation, calculate the first year depreciation expense:e a) b) Using the Half-year Conventione Using the nearest Whole monthe